1957-10-16 — Page 9

Page

SHIPPING

JAPANESE MERCHANTİTESTING NEW FLEET PLANS HIT LIFEBOAT

The Japan Shipowners As- Captain Walther Westborg, cociation and other shipping the Danish cea captain making Interests have expressed dia a polo trip around the world in satisfaction with all the pianan Perkins-ongined lifeboat, has How being studied for the left Panama for Punta Arenas, merchant fleet expansion pro- Costa Rica. gramme.

The Transportation Ministry's Maritime Bureau has two plans under considerallon-while the Government's Economic Plan-

ning Board Ins five separate

plans under study.

His boat-the Dana Rescuer has so far covered 7,000 miles since he left Esbjerg last year.

The captain is trying tu Ki, nine-tan prove that the 23 lifeboat, elaimed to boyc able, can face any seas in the

Under the arst plan, the mer-world. chant fleet would totI G.A million gro's tons by 1062.

totals now

upproximately million ass tons),

܀

Tinder the

secunt, it would he expanded to 7 million gross tons,

are

The target figures in the five plans now, being, studled by the Economic Planning Board 8,045,000 grens - Ions, 6,030,090 ton, 5,310,000 tons, 5,970,000 fans, 7,170,000 10.

The Japan Shipowners Asso- clation has asked the Transpor- tation Ministry to set the target at 8,870,000 gross tons. EXPORT TRADE

Because of the present tight money policy of the Goevrnment, a number of shipowners have had to cancel plans to build vessels outside the Government- sponsored programme this year. Japan's export trade in hip- ping has also been criticised res Japanese shipping cently, A expert has warned the industry that it must offer better vessels ut lower prlees.

U

Furopean

#

Described as "a cross between

and pocket-bailleship bathlub", the Dana Rescuer is powered by a Perkins LA four cylinder diesel engine with a Parsons 2:1 reduction gear rated to give 40 bhp, at 1,500 г.p..

The boat

D six kitot cruising speed and a maximum range of 4,000 miles.

hus

VERY SATISFIED

in a letter to F. Perkins Ltd., Peterborough diesel engine the

30-year-old manufacturers, Captain Westborg states from Panama: "I have been very salisiled with the engine's DCT- formance.

actually Was

given no trouble at all, and I am now of the oplaton that the motor is superior to any diesel made.

that is man with "The fact no knowledge of engines. like me, has done 7,000 miles shows that I am not wrong in holding this opinion."

Captain Westborg arrived at Mr Ichiro Onosuka, a director

Research Panama with a damaged pro- Business tho of

and radio

auto-pilot the Hitachi pelier, Department Shipbuilding anki Engineering after the tremendous buffeting Company, sidd that compellton his craft received crossing the

and Brush Atlantic. from yards was growing rapidly.

The capucity of European shipyards was increasing and European shipownem were - playing a growing tendency to place orders with yards in their own countries, he said.

There Was

doubt whether Japanese yards could

come

the

THE CHINA MAIL, WEDNESDAY, OCTOBER 16, 1957,

TRADE

and

COMMERCE SECTION

CLAMOUR FOR HIGHER AIR FARES

Airlines Say Survival Depends On It

London.

HONGKONG

NEW YORK

STOCK EXCHANGE

Our Own Correspondent

Business done on the long- kond

this Slock Exchange morning

amounted proximately $144,000. Noon

to

-du

Mr W. A. Patterson, United Air Lines President, is quoted in Aviation Daily as saying that the number of turbine transports the airlines will order between 1960-65 will probably double the number to be ordered up to 1960. quotations and the morning's There are already some 1,150 turbine airliners on transactions:

order in the western world and passenger traffic goes on increasing. Yet the majority COVT. LOANS of airlines are clamouring for a fare increase; they say that their survival depends on it.

Higher Car

Sales

Expected

What, then, goes on in air transport industry? are the facts?

To accommodate now, big jei alkner, aerodromes in pats of the world are extended--at government

many

being

- ציו

pense. These aircraft can eany

150 people at 000 m.p.h. (900 LAND, ETC. km. p...cost

more each.

6.90 7.03 2007

120

11.00 11.90 1000 13.70

1.40

COTTON MARKET

New York, Oct. 15. Strength in the October de- livery joined with light hedging and unfavourable Toxas harvesting woathor in keeping cotton futures on an upgrade today.

The October delivery went of the Board in the noon hour at the day's high of 35.27 cents a pound for net overnight gain at 1.00 bales,

Other deliverica closed with net gning of 3 to 27 points

The market opened unchanged to up 25 points. New Orleans closed up right points.

Covering of a short interest was lustened by the prompt stoppage of delivery notices for 5,000 bales credited to att in- ternational trade house,

Afler October expired, the market turned relatively quiet 14.59 but remained firm, drawing ad- 33.70 31 200 34 13.00 14.20

ditional encouragement from the higher trend of securities and most other commodity 1,50 1,5215 5000 « 1.525 | marketa. DOUG 1.50

Month

Volume Open interest 11000 1,35

11,700 Oct...

273700

Shares Buyer Sellers

Faler

5

0+

15,009 81

the What

DANKS

K Bank East Alta INSURANCES Union

314

2015

0912

Lombard

32

SHIPPING Whorlock

DOCKS, ETC.

K. Whart Provident

£2 m. or

HK Holed..

14.60 14.70 1000

HK Land Humphreys

Realty

RUBBER Amalg

4,000

Trust

1.23 1.273

Bee.

10.500

Mar

.7,700

203,000

UTILITIES

Bray

11,000

204,300

20.10 223

131

July

0,300

113,550

Yaumau XD

100 111 001

Okt

1500

100,200

nf

is

in

10

The Chairman of BEA. has In- stated that if this world crease is to be accommodated, 6,000 new aircraft will have to be put into service at a cost of

The around

£2,30027

wages, crcased cost of fuel, spares and landing fees (to re- coup State outlay on airports)

must also be considered.

C. Light

ectric Macao E. Tel.

ายเ 2715 27.000 10.40 20.00 27.20

18.70

Dec.

000

31,300

Mar.

100

•

3,900

300 10.40

Total

48,400

953,100 bales. -United Prost

INDUSTRIALS

Cement Rupe STORES. ETC. Dairy XD, 10 10.30 Watron

13.00 13.30 13.70 Craw

COTTONS Textile

254%

14.00

Prices

closed today

030 ir 18.10 100 19.10

4.375 4.43

40

મ

INVESTMENTS

Ailled

A dozen or sŝo could handle trafic, trans-Atlantic present having twice the capacity and twice e utilisation of current Toronto, Oct. 15.

the Yet

1.C.A.O. indiente | alrcraft. estimates that motor car sales in Canada says this trole w rise by al-

will 1n 1958

be 415,000 10 most 400 per cent by 1005, 420,000 units, necording 10 Mr

Current

R. W. Todham, the President 6,000 New Planestar Ferry!!! of Chrysler Canada.

Corporation

This compared with 395,000 to 400,000 cars, which it estimated will be sold in 1957 and the 404.005 ears sold 1950.

Bit Chrysler's Mr Todgiam long runge Across

objective was hold 30 per cent of the Canadian passenger car market.

It has now been overhauled Westborg before Captain proceeds

to coast up Los Angeles, starting point for his 2,130-mile voyage the Pacife Ocean.

continue their precent practice AMERICAN

of relying mainly on the law

of supply and demand in fixing their prices.

BIG TANKERS FOR ISRAEL?

Tel Aviv. The Israel Government has decided in principle to purchase number of tankers of 50,000 tous cach, according to Davar, the dally paper representing the leading party. of which the Premier, Mr David Ben-Gurion

is the head,

These tankers will be additional to two tankers of 10,000 tons, which are being built in Western Germany,

An inter-ministerial committee has been appointed to study plans for the construction of 30,000-ton tankers, with pro- posals from France. Sweden and Japan already on hand, according

to Dayer.

The Isract Minister of Trade and Industry, Mr Pinhas Sapir, is due to visit Japan at the end of this year.

NEW COMPANY

*Clelands Wallsend,

Newcastle.

of (Successors)

the specialists in building of coasters, barges and other small craft, have set up

an associated company to

SHIPYARDS BUSY

About 100 vessels, totalling 3.0 million deadweight

some

tons, were on order in Ameri- con shipyards at the end of July, reporta the Shipbuilders' Council of America.

an

over

increase This was the previous month, as the ton- mage of new orders placed with the month Was yards during

that of delivered greater than vessels.

Tankers continued to be the backbone of the business, with 84 petroleum carriers on order. During the tnonih, two tankers and a train ferry were com- pleted. Orders

recolved were

In the first seven months of this year, the company's share of this market has slipped to 20 per cent 23.8 per cent in all of 1950-China Mail Special,

New Open

Pit Mine

The prospect of congestion

די

et aerodromes assumes alarming MISCELLANEOUS proportions. Only recently,

£17m. plan for the develop. ment of London Airport was put forward together with

Lin. proposal for a rail link byween London Airport and Victoria. Gatwick is belag enlarged

of

and the use Southend is being considered.

Congestion in the air also be- problem-there comes a major

were 123,000 landings and take- offs at London Airport alone

| during 1956-white passenger

Im-

210 un 2254

NEW YORK

SUGAR MARKET

New York, Oct. 15.

NEW YORK PRICES

New York, Oct. 15.

of cotton futures

follows: Spot: 35.30; Oct: 34.10: Die: 34.30: Mar: 34.40; May: 34.50; July: 31.14: Det: 33.18: Dee: 44.14; Mar: 33.34.-United Press,

NEW ORLEANS PRICES

New Orleans, Oct. 15. Prices of colton futures elcast today as follows:

Spot: 33.23; Oct: expired: Dee: 34.30: Mur: 34.45; May; 34.54; July: 31.13; Del: 23.17. Det: 33.13: M: 33.15.-United Press.

in

LIVERPOOL PRICES

Liverpool, Oet, 15. Colton future closings, pence per lb. were as follows:

23.07; Contact: Oct/Nov: Dec/Jan: 25.23:

Mar/Apr: 25.72 May/June: 25.01: July/Au: 20.10.

New contract: Oct/Nav: 24

20.00: Mar/Apr: 28.57: Dec/Jan: May/June: 20.45: July/Aug: 20.35

United Press,

SAO PAULO PRICES

Sao Paulo, Oct. 15.

Cation future closings,

Los Angeles, Oct. 16. handling facilities, bearing in World No. 4 sugar futuros | Το meet the steadily i mind the vast increase forecast, creasing demand for boran pro- will have to be radically

today closed unchanged ducts from steel and other inproved and extended.

to 13 points higher with dustries, US Borax and Chemi- What of fares? So far, the salos of 355 contracts.

is hastening attempts of airlines to raise The dunestle Nu. & contract cal Corporation completion of a

new open pli fores have been baulked by the closed unchanged to one point mine find refinery

the U.S. Civil Aeronautics Bourd, higher with sales of 15 can- 40.; May: Mojave Desert arta of Southern which acts for the U.S. over-tracts. California. This will raise total meul.

Syrian situation uncertainties 30 Amerious output by

A proposal by LA.T.A: to continued to alfrael cont

Increase

ncurby fares must be agreed buying in the for two more carriers of 23,000 and 25,000 tons

Designed to a fully mechani- to by all governments concerned contracts. respectively.

from the Bethlehem cal operation One was for

to to become effective. pli Steel Company, the other for the Interlake Steamship Com-

pany.

More bustous is in view from American Export Lines, which invited shipyards to submit bids

per

finished product, the project Fares Reduced

Der: 39.60: Mar:

N.Y. STOCK MARKET

Joy In Wall Street As

Recover

Prices

New York, Oct. 15.

There was joy in Wall Street today as the

recovery in stock prices pushed into its

third session.

Individual gains ran to more Monsanto Clemlest Co.

Montgomery Ward! than 2 points in a number of Motorola Inc. issues, with alreratts once National Cash Cr. "A" again setting the pace for the Natient Dairy Prod.

National Lead... market. All major groups net National Steel Corp. demand and scored good gains. New York Central

Trading was at a moderately Norfolk & Western ny.

Olin Mathlewan active clip, although below the Ols Elevators

Owen-linols Glass plice sut yesterday,

Oxford Paper Co. The rise in stock prices began

when tale Friday successfully Inunched the Thor Parke Davin Ca. nussite. It hus moved along Penn. Salt Co. strongly ever since, carrying Philip Morris the Industrial average to its Procter & Gamble Co. best level since the

shamsburgh Plate Olas

Publicker Industries.. Pure Olt break in prices on Thursday of Last week.

the

The

Industrials

Pacific Gas & Eles. the US. Pan American Airways

industrials scored their best gain since October 2 and ralls their best advance since August 30, Overall, the market has added almost 3,500,- 000,000 dollars to stock values in the past two sessions.

Aircrafts scored good pains and once dominated the most

Ilst. Some late profil active talking lasues down from their highs.

The oils Ignored the Middle East situation. Tide water rose Oil of Call- 27% and Union tornia 2 to feature this group. Guins of around a point of more were numerous here,

Salts for the session tolalled 5,620,000 shares against 2,770,-

pullexi number #

000 shares yesterday.

of

Of the 1,185 issues traded, 710 Advanced, 202 declined and 207 held unchanged. Now lows were set by 75 stocks and one hit a new high.

New York Exchange bond volume was $5,000,000, American Stock volume was $820,000.

Dow-Jones closing averages

were:

Exchange

30 industrials 447 90, 20 al 119.45.

123.04 40 Bonda 872 Comin. tuture price bridex 155.78. United Press

Closing Prices

lows:

cruzeiros per kilo were us ful-13 atles 65.37, 45 sloca

Oct: quoted July 40 55; Ort: 1

40.50

In th: United States, the mited average price of ane-inch cut- world on at 14 designated spot mar- kels was not available.

Total sales at these 13 mar-

Press.

Alden 1ne. Acy.

Allled Chainicals

Allled in Inc.

Allis Chalmers.

Greece also was the accredit- Cuban re- ed buyer of somu

New York Rubber Market

today

American Airline

Anterican Carp.

CROID

Radio

E

18

1312

Ainerican Cyanamid Co. Amer. Furgh, Power A Gas & Electric Am. Much. & F'dry American Metal American Staeling Am Sugar Ref.

American Tel & Tel American Tob. "B" Anseondu Copper Armed Steel Annour

Meanwhile, dealers under- stod Belgium bought a quanti-kels were 66,532 bales.-United An Brake Shoe represents an Investment of $20

ly of new cup Cubans at 3.70 million and is expected to start

But why, one may ask, should cents a pound, fob. This would operations next month.

Increased demand for boron this rise be necessary in an age be about unchanged from last of booming passenger true? business reported in Cubans for proxiucts has developed rapidly The airlines say that over the next year. in recent years as a result of last 10 years fares have actually for the construction of four

on by many largo freighters, This the research carried

Today, boron has reduced in spite of in- inulti-million industries. beginning of

become an Important ingredient creasing costs of practically dollars fcet replacement pro-

phar-every product and service an

uirline uses. Funds will be sug-in the manufacture of gramme,

porcelain, enumels,

BUL -it fares

are increased piled by the company, and will maceuticals,

steel, glass, ceramle be supplemented by a Govern- Plastles,

disproportionately the boom in to glazing agricultural additives. according ment subsidy,

It also appears that the basle air tenc may be slowed and travel day of mon's alr chemical element boron may be the

postponed resulting in the op- come an important factor

its posite effect on airline national defence through use in production of new highmies than that intended,

In Great Britain, a strong body of opinion mainlains that, in China Mall Spezial.

order to obtain our fair share of

plans.

The projected vessels will be each, 10,380 deadweight tons

and in addition to cargo space

known as Clelands Shipbuild, will have run for 12 passen- energy fuel for jet engines. →

Ing Company. Walland,

carry on

ክር

to

gers each. Their speed will be to be de- 10 knots. Bids are the similar building posited with the Federal Mari-

of small ships on a 21-acres time Board by the end of Octo~

site adjacent to its present yard.

The new company has nominal capital of £20,000,

Work has begun on the lay-

broadside ing-down of two

launching, berths, each measur- ing 120 feet by 40 feet.

ber.

RAIL FACILITIES

in

All-time Record?

New York,. Oct. 15.

econo-

Open late

Press,

New York, Oct. 15. Rex rubber futures

to 10 points unchanged closeri lower with sales of 37 contracts. Nav: 20.44: Jan: 29.40; MST: 2040; May: 20.40: July: 2935; Sept: 20.35; Nov: 20.30.

Standard contract closed

changed

un-

Alla Cone, Mining Baldwin-La-Lam.

Baltimore & Ollo Beneficial Figance. Bendix Aviation Corp. Benguet Cons

lower Bethlehem Steel

Boeing Airplane Banden (The) Co.

und Machine

had, while Peru was reported selling some raws to Korva,

Contract No. (World): Jan: 3ne; Mar: 3.73; May: 3.73; Juty; 3.73 Sept: 3.72: Oct: 3.10: Mar: 3.49,

Spot (ceola per I. fob Cuba) 4.00. Open Intercut: 4,747 contracts, Contract No. 6 domestic): Nov: 3.04; Mar: 5.43; May: DAD:

July:

to 10 points 500; Sept: Bal; Nov: bal,

Spot (centa per 15. cit NY ex-

with no sales reported. duty) 5.00.

Nov: 22.41; Jan: 20.44: Mar: 833 contracla kaay: 29.40: July: 3936; Septi interest:

Soup Co. Nov; 1930.

Canadian Pacide R. Prices drifted irregularly lower case 14. L.) Co. on a slow and featureless trade. Cat, Tractor Dealer switching of January-Ceisorse Corp. November contracts accounted. I. T. Financial Corp.

Chase Manhat. Bank for part of the small turnover. Chrysler Metors.....

Climax Molybdenum Rso was quoted ut Spot No.

Cuet: Peabouts Colgate-Palmolive Co. cents-United Press.

Colombian Carbon Co SINGAPORE MARKET

Commercial Credit Singapore, Oct. 15.

Commonwealth Eleg, The market opened slightly and ruled quiet and lower

throughout the featureless

grewing world air traffic, the New York Metal

independent operators must be allowed to play a greater part Now than they do at present. only air trooping, ferry-services, inclusive tours, cheap coach/air and colonial coach services are open to them.

bas

Bombay.

The Government is consider

this

It problem. The United Nations has pre-ing Growing traffic demands

tho dicted an all-time record for recognised "the necessity to give the port of Bombay, and

production this year, more opportunities for the In SUCTION DREDGER nec for providing better rull steel

Independent air compantes who facilities for Kandla (Kutch), including a big, expansion

by their Initiative, have led the National Harbour Western Germany and the other developed new and increasingly Amsterdam. Board to recommend the destr

countries of the European Coal

important types of public air the constructing James Contracting (London), ability

and Steel Community. southwards with Con- Konkan railway which is affiliated

At the same time the United transport service." But, so far, no concrete results of their deli- and a broad Nation's "Monthly Bulletin of berations have been forthcoming. struction Company Bon and from Bombay,

that reported to Statistics" from Kandia Kalis Suedrecht, Holland, gauge tink

of

A chance Britain's share in world steel has placed an order for a hop-Jhund.

With the building of the Kon-production bad declined from per suction dredger with the

Len to eight per cent; the United Dutch company Shipyard Smet kon railway throu berths used

of

at Kinderdijk. The amount in- by ferry services In Bombay are States from 54 per cent to 30 volved in between £370,000 expected to become available per cent; while the Soviet and £462,500.

for deep-sea ships,

NEW SHIPS

New Delhi,

TRANSPORT COY.

Amsterdam,

cent

The Independents want "a chance to operate alongside the Corporations, and thereby col Union's had advanced from 12 tribute their own full share to to 18 per cent; and the European the development of British civil Community's from 13 to 20 per air transport."

They say that although worki Total output to the first half of air trafle is expanding the this year exceeded that in the overall, British part is declining corresponding period of 1950 by aut only by throwing in the India's state-owned Western Amsterdam plans to form its an estimated four and a half resources and enthusiasm of the Shipping Corporation has placedown Rhine shipping company million metric tons, the Bulletin independents can the position be raversed and, be. It notod, at orders for several now ships, for the transport of goods to

From 1953 to 1950, combined no expense to the taxpayer. Ördern for two ships have been Germany by way of Amsterdam.

If the Independent operator placed with the Lubecker The annual report of the output of the European Coal and

Steel Community countries in-are to play their part they must Lubeck, West Amsterdam harbour says tho Flenderwerke, Germany, of 0,200 d.w.t. cach, port is rapidly growing, as a creased from about 40 million ba freed from the shackles that one ship with the Uljaniks Ship-tranalt harbour for mineral oils, tons to nearly 57 million, a rise bind there. Farther delay will yard, Pula, Yugoslavia, of 1,010 coal and ore, and a meeting of 43 per cent. The rest of the merely postpone the day they d.w.t., and one ship, with the with transport dimculties with world gained 15 per cent in the can begin earning valuable cur period.China Mall rency on the international air Canylers Navale Apuania, SA, the Rhine shipping companies same

routes of the world established in Rotterdam. Special. Milan, Italy, of 10,000 d,w.t.

cald.

Futures

New York, Oct. 15. Prices of metal futures closed today in cents per lb. as follows: Lead Oel: unquated: Nov, un 23,050 Copper Oct 23.73b: Nuv: quoted; Zinc Ocs: 9.008 Nov: 0.137. Tin Oct: 1.12; Nov: $1.126. United Press.

20

LONDON METAL PRICES morning. During the afternoon

London, Oct. 15,

lows:

sell

consolidated Edison Continental Oil of Del. Crown Zellerbach Cuban Amer, Sugar Diamond Alkall Diamond Match Co.

Dougins Aircratt

fur-Done Chemicals....

Prices of metals closed todaye was come state bull

ther.

Dupont de Nemours in sterling per long ton as fol-g and the market eased

cents, Eastom Airline ... Futures, nil in Straits

Eastman Kodale fol Malayan ports, Paso National Gas

Family Ynance Corp. Firestone Tyre & Rubber Ford Motor

20 per 1b,

Buyers Sellera

Tin spat 3-month

73014

72334

7:20

Copper spat

18153

182

3-mont

1851

1801

Lead 1st half Get. Lead 1st half Jan. 2ine at half get. Eine 1st half Jan.

13414

85

ES

6134

closed as follows:

No. 1 rubber Oct: 81-844; Nov: 044-046: No, 2 rubber Oct: IT-

Bat 6215: No. 3 rubber Oct: 80-no

672 ND. 4 rubber Oct 7-13 Spot 37 rubber untaled: 8334-84: Blankei

crepe: 73-744: No. 92-.--Unilen Press

-United Press,

Exchange Rates

Buxinesa was done in the local

excluante market unoticial

Bierling-notes (per EX) ...

morning at the following rates: U.6. doller (per #1)... Australian notes (per 21" indonesian rupials (per, 100). Stam teal (per 100) Singapore (Biraita)

הנמו

pale crepe:

LONDON MARKET

London, Oct. 15. The rubber market was very quiet with spot quoted at lower to 24 pence. Prices:

Settlement house term: Nov: 24-] 25: Dec: 28-05; Jas/Mar: 2514- 2531: Apr/June: 20-25 July/Sept: 2012-23; Cel/Dec

General markets, cit basis, paris:

1.09

13.41

12.22

1.81

thick Nov: -United Pre

Oct 24-2412: Nov: 2011-2014: Deg: 18.00 2425-35; Estate crepe usin Nov; 17: 27.20

Agreed Merchant Rates The Exchange Bank As

this armounced soolation

Swiss Franca maximum selling moming 78% West Germans Deutachos marks maximum selling 72-5/10.

General Electric

General Foods..

General Motors Gen. Put, Uti Celly Oil Glidden Co, ...

Godrich

Penny J.C. cx,

Radio Corporation Radio Corp. Frei. Republic Steel iteynolds Metal Sears, Roebuck

Shell Oil Co. Saint Reg. Paper Sinclair Ol

Bacony Mobilvil

Salar Alteraft

Ca.

South Puerto Rico Sugar Southern Co. (The Southern National Ga Southern Railway (Com.) Standard Brands Stundan O

of Cal Standart Oll of Ind. Standard Oil of NJ, Steep Hork (Teranto Expe Blerting Drug Co. Stokely Van Cam Studebaker-Packard Sunshine Minimit.

Swift & Co. Текля Со

Textron Inc. Tide Water Aar. Dil Tline Inc.

Corp.

Twenty Century Fox Filna Union Carbide “ Union Oil of Cal

non acte Railway United Aircraft

United Gas Corp. US. Foil

B.S. Gypau

US Rubber

US. Line Co.

|

U.9, Smelting

US, Steel...

Warner Bros.

Westinghouse Electric

Western Unta Tel. Co West Wa. Pulp & Paper Woolworth

United PreES

LONDON

STOCKS IMPROVE

Stocks

London, Oct. 15.

improved fractionally

on the London Stock Market

today, reflecting

strength in

24 sterilng and the rise in prices

401%

你看

123a

1292

3

on the New York Stock Ex-

change,

Industrials

were firm, engineering,nuto, tobacco

with

and chemical stocks also had small

17 gains. Hudsons Bay, Borax,

port. Some good earnings__10- ports helped this group. Shell Transport

oll stocks paced higher. Rubber and ten issues

47

British Petroleum

were steady.

4124 | African gold:

stocks met sup-

за

10

N

334

261

140

were

xd

1

7210

firm und dollar stocks were marked up.

Investment buying helped to Lucy British Government bonds, Gains of £11⁄2 were noted in the 471 gts.

2474

Foralen bonds were easier in quiet trading-United Press.

New York Foreign

Exchange

New York, Oct. 15. Closing rates were:

Canada: 103-10/32: England omi- Mal: 2.00-13/32; 30-days: 2.70-7/16: De days;

0199-3/16; 3:70 elim Holland: 2635; Others unchanged....... United Press.

LONDON EXCHANGE

. F. Co. Goodyear Tyre Gulf of

21532

New

Heyden Newport Corp. Homesake Mining 'Că. Ingersoll-Band Inland Sleet Co.

Interchierical Carp. Int'l Business Machines Int Harvester 2.

International Nickel

| International Paper

Int'l Tel & Tel

John-Manville

Kanse . Power

Listi

AMSTERDAM MARKET

| Kennecolt_Copper Jerusa Amsterdam, Oct, 18,

Lignell Mayer Tob. The rubber maritet was quiet Lockheed Airerafi ........... today. Pricen today In guilders Loews Incorp per kilogram, elf October as Lowenstein Bons,

Lone Star Crmont Co. follows"

McDonnell Alterati No. 1 rubber; 3.30

Block Exce). rubber: Mewab! Iron Corp. 233 buyers: No. 3 creps: 300 buyers. Minnesota Mining S

No

Mission Development United Press.

tubeer? and buyer

No

Am.

201

London, Oct. 15.

Closing rates were:

York: 2.00-3/20-2.00%;

Am. Montreal: 3.70-1/10-2.7 sterdam: 10.621-10.0334; Brussels: 140.50-140.05: Frankfurt: 11.7793- 11.77%: Milan: 1780-1760; Stock- holms

Vienna: $14.4815-14.40947 -- 12.85-71.05; Zurich: fiz092-13, 2014: Other unchanged.—Unilea Press.

NAMESAKES

Answers-1. Bows, 2 Plano, 3 Energy, 4 Boogle, a Fingers, 6 Rhythm, 7 Variety, 8 Keyboard.

Musicni, 10 Entertains, Whiles, 13 Ivorics, 13 Podol, 14 Tunaful

Winifred Atwell.')

11